The Department of State has announced that they have added new individuals and entities to the Department of Treasury's Specially Designated Nationals and Blocked Persons List. This decision was made due to their involvement in harmful activities linked to the Russian government. As a result, the property and financial assets of these individuals and entities within U.S. jurisdiction are blocked, and U.S. citizens are generally prohibited from engaging in transactions with them. Two main companies, GOTIK SHIPPING CO and PLIO ENERGY CARGO SHIPPING OPC PRIVATE LIMITED, along with their vessels, are mentioned in the sanctions for providing support to Russian entities subject to these restrictions.
Simple Explanation
The U.S. government is telling everyone that certain people and companies, including two shipping companies, have done bad things with Russia. Because of this, their money in the U.S. is frozen, and Americans are not allowed to do business with them.